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Mar 11, 2013
03/13
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. >> i worries about the debt ceiling which the government will hit in mid february. brown wants to hold the line but he fears they will cave. >> john by another is boehner ia great speaker but he is too nice of a guy. >> is that what this is going to be a bare knuckle brawl? >> no question, it already is. he warns them don't test him on the debt ceiling. >> i am not going to have a mt.ly conversation on whether or not we pay our bills. >> behind closed doors a cadre of leaders to spend the $14.4 trillion debt limit. they passed a law that would dock leaders pay. they haven't done that in nearly four years. giving barack obama a blank check is just in vein as far as i am concerned. >> the only people are that are pleased are the ones at the white house. >> this is a welcome of it still becoming law. >> our representatives are playing political paintballir. i think they want to stay in their jobs. >> january 29th broz weoswell, georgia. congressman price has breakfast with skeptical business leaders from their district. >> they continue to do the same thing they have b
. >> i worries about the debt ceiling which the government will hit in mid february. brown wants to hold the line but he fears they will cave. >> john by another is boehner ia great speaker but he is too nice of a guy. >> is that what this is going to be a bare knuckle brawl? >> no question, it already is. he warns them don't test him on the debt ceiling. >> i am not going to have a mt.ly conversation on whether or not we pay our bills. >> behind closed doors...
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Mar 15, 2013
03/13
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CNBC
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it with was a solution which nobody thought would go into place as a way of raising the debt ceiling so we could take that risk off of the table. i think that one of the reasons why you are seeing the markets doing so well recently is because that tail risk has receded. it is important that congress raise the debt ceiling without drama when we reach that point again this summer. on the other hand, the president has tried as hard as he can to get congress to agree to a balanced approach to the fiscal problems and balanced approach that closes tax loopholes that smartly cut spending, and addressing the health care and entitlement problems, because that is the source of the deficit problems. i remember before christmas, we were negotiating with the congress, and speaker boehner tried plan b, and unfortunately, we could have addressed our problem problems at that point. >> right, rig. >> and now it looks like the se quester is going to be a slow grind on the economy. >> now back to the economic report which is weighty, but it is interesting nuggets for our viewers in here in particular a
it with was a solution which nobody thought would go into place as a way of raising the debt ceiling so we could take that risk off of the table. i think that one of the reasons why you are seeing the markets doing so well recently is because that tail risk has receded. it is important that congress raise the debt ceiling without drama when we reach that point again this summer. on the other hand, the president has tried as hard as he can to get congress to agree to a balanced approach to the...
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Mar 15, 2013
03/13
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CSPAN
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and growing.on and the debt ceiling had been set a certain level. now they have uncapped it until may 16. the government can continue to burn as much debt as they need to finance the government through may, and that a couple more months, as they use a murder to measures at the treasury department, but we will close -- we will be close to $7 trillion by the end of the year. host: you can contact us here or send usc-span.org a tweet to twitter.com/cspanwj. the house has passed a budget resolution through the committee, no problem. then it will go to the senate floor, their budget resolution. both of these things will be happening next week. i think there will be more interest on the house side. the republican caucus in the house is a little less predictable, let's put it that way, than the senate democratic groups. if they can keep this budget resolution and get it through the house floor, then we can begin the process where the senate democrats and house republicans meet in conference and try to iron out the differences. that will be difficult but th
and growing.on and the debt ceiling had been set a certain level. now they have uncapped it until may 16. the government can continue to burn as much debt as they need to finance the government through may, and that a couple more months, as they use a murder to measures at the treasury department, but we will close -- we will be close to $7 trillion by the end of the year. host: you can contact us here or send usc-span.org a tweet to twitter.com/cspanwj. the house has passed a budget resolution...
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Mar 11, 2013
03/13
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KNTV
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johnson coming up playing republican house leader gerry ford like a fiddle in that year's debt ceiling fight, boil down a long conversation. listen to ford aasking johnson to even discuss the issue. >> can i talk to you about another matter? >> yes, sir, anything want to, any time. as a matter of fact i recept a little bit you don't call me. >> we have debt limitation up tomorrow. >> you know what, i'm a good country girl. i can feel it when you do it to me. i have been doing it to you all, all these years. i know what you dorks run my deficit up past eisenhower. >> oh, goodness. chris: and more great stuff here in the johnson tapes. gridiron weekend in washington, of course. that's a peg for this johnson excerpt we found. listen to the president johnson, already pulled down in the vietnam war. refuses to go to the gridiron dinner that year, completely rejected a pitch from the gridiron club president. >> at dinner, we will have, pardon the expression, kennedy and reagan. against that background it seems to me that there's an opportunity for you -- it's an opportunity to set the great
johnson coming up playing republican house leader gerry ford like a fiddle in that year's debt ceiling fight, boil down a long conversation. listen to ford aasking johnson to even discuss the issue. >> can i talk to you about another matter? >> yes, sir, anything want to, any time. as a matter of fact i recept a little bit you don't call me. >> we have debt limitation up tomorrow. >> you know what, i'm a good country girl. i can feel it when you do it to me. i have been...
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84
Mar 16, 2013
03/13
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CSPAN2
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made this debt ceiling fight the quake child's play. rubin had to be creative as to where he was breaking a lot of buying time on the debt ceiling. there is brinksmanship all the time and the lesson to learn from not insist that it's really hard. the same issues that are tangential issues. the server to the heart and minds of americans over the country and issues lawmakers and for election on taxes and spending, government programs and so we can expect them to walk away from their principles and beliefs because they want to get a deal. a >> host: the bottom line is president clinton and house republicans stood before the balanced budget the last three or four years. >> host: into the bush administration. >> guest: that's right. and like i said, some of it had to do with the roaring economy. they definitely made changes to the welfare program and other spending programs in a way that eliminated the deficit, which was something in u.s. history was incredibly hard to do. >> host: jacob is very intelligent. the 12-year-olds don't speak that
made this debt ceiling fight the quake child's play. rubin had to be creative as to where he was breaking a lot of buying time on the debt ceiling. there is brinksmanship all the time and the lesson to learn from not insist that it's really hard. the same issues that are tangential issues. the server to the heart and minds of americans over the country and issues lawmakers and for election on taxes and spending, government programs and so we can expect them to walk away from their principles...
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Mar 14, 2013
03/13
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CSPAN
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first, congress would cut spending by an amount greater than the rise in the debt ceiling. second, a super committee would be formed to negotiate the right type of tax reform and the right type of spending reduction. third, automatic spending cuts, now known as the sequester would take place -- this was proposed by the president and agreed to us by us in congress -- if the super committee failed. these automatic cuts to the budget was supposed to be so distasteful that it would motivate us all to find solutions to fix the budget crisis. but the super committee failed. now the sequester has kicked in. mr. speaker, 70% of americans want this deficit reduced. i imagine those numbers are probably higher in nebraska where i live where fiscal responsibility is the core characteristic of family life and business ethics as well as good government. people know economically, that you can't spend more than you have. citizens also want to see their government act in a reasonable fashion. mr. speaker, the federal budget deficit has been running more than $1 trillion in the last few year
first, congress would cut spending by an amount greater than the rise in the debt ceiling. second, a super committee would be formed to negotiate the right type of tax reform and the right type of spending reduction. third, automatic spending cuts, now known as the sequester would take place -- this was proposed by the president and agreed to us by us in congress -- if the super committee failed. these automatic cuts to the budget was supposed to be so distasteful that it would motivate us all...
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Mar 10, 2013
03/13
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KGO
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we supported $1.2 trillion in the spending cuts, the cuts only approach the debt ceiling deal in the summer of 2011. we did that because it was important to not let the country go over and jeopardize the full faith and credit of the united states. we need the republicans to realize that they have -- >> can i just -- >> can i say something? is the condition of any republican support that you have to go for really terrible policies? because raising the medicare age is a terrible policy. it raises medical costs and does very little to improve the budget. it introduces a lot of hardship. means testing is better. i don't particularly like it but a better policy. there are other ways to cut. even i don't like the business about changing, you know, the price index for social security but that's not as bad -- >> the -- >> of all the things -- >> we'll let the senator go. >> to say the republicans haven't done anything is false. the house has actually passed budgets, you know, with proposals to try and save medicare, bipartisan proposals, quite honestly, the senate hasn't passed a budget in o
we supported $1.2 trillion in the spending cuts, the cuts only approach the debt ceiling deal in the summer of 2011. we did that because it was important to not let the country go over and jeopardize the full faith and credit of the united states. we need the republicans to realize that they have -- >> can i just -- >> can i say something? is the condition of any republican support that you have to go for really terrible policies? because raising the medicare age is a terrible...
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Mar 11, 2013
03/13
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FBC
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ceiling limit which comes in may 1. that creates a lot of pressure to get a deal to address these reforms. so i hope so, but we'll have to see. stuart: in my opinion, may i express an opinion? we've got crisis fatigue. our audience is fed up with this and i don't think we're going to see any serious movement by friday of this week. i think we're going to be in exactly the same position. will you say where you stand on this? >> on friday what i hope we see by friday is that the senate has moved forward with a continuing resolution that includes flexibility, a number of appropriations bills that we're putting together, i'm on the appropriations committee working with democrats in a bipartisan way to make the sequester reductions, but make them in a more thoughtful way so we minimize the impacts. that would be a strong sign of bipartisanship and i hope that continues into the budget work, and to get the kind of reforms that we're talking about. stuart: are you hopeful, yes or no? >> yes. stuart: oh, all right. all right. w
ceiling limit which comes in may 1. that creates a lot of pressure to get a deal to address these reforms. so i hope so, but we'll have to see. stuart: in my opinion, may i express an opinion? we've got crisis fatigue. our audience is fed up with this and i don't think we're going to see any serious movement by friday of this week. i think we're going to be in exactly the same position. will you say where you stand on this? >> on friday what i hope we see by friday is that the senate has...
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Mar 11, 2013
03/13
by
CURRENT
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ceiling or, wow, we might go over the fiscal cliff entirely which would be a huge drag on growth. the market freaks out about that and not about the idea that growth might be a little bit slower for a little bit as longer. >> uh-huh also if you look at that and the employment numbers with and compends doing better with corporate profits, are they starting to go higheranies doing better with corporate profits, are they starting to go higher. >> that's one of the interesting things, the last couple of months decent job growth in the fourth quarter, basically growth was zero in the economy. that suggests companies are starting to put money to work hiring people because they are bull issue. i would caution making too of those numbers. it's too short of a time period to be sure. if it keeps up, it would be a good sign maybe employers are seeing some signs for strength and optimism that let them take chances that they otherwise wouldn't have. >> bill: i guess the best scenario is with the president reaching out to republicans this week with more and more people at least talking right? a
ceiling or, wow, we might go over the fiscal cliff entirely which would be a huge drag on growth. the market freaks out about that and not about the idea that growth might be a little bit slower for a little bit as longer. >> uh-huh also if you look at that and the employment numbers with and compends doing better with corporate profits, are they starting to go higheranies doing better with corporate profits, are they starting to go higher. >> that's one of the interesting things,...
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439
Mar 12, 2013
03/13
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FOXNEWSW
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because after the whole debt ceiling discussion now, they are under pressure to come up with some sort of a budget plan. but is it really just more of a wash? you be the judge. apparently the basic tenets will be to raise taxes by $1 trillion, and then cut the deficit by $1 trillion, so will that actually balance the budget or is it just more of a wash? >> steve: in comparison, our budget is $46 trillion over the next ten years. that's how much we'll spend. the democrats say 46 trillion, we'll spend 45 trillion in the next ten years. meanwhile, the republicans south of that say, we would spend 41 trillion. when you look at such a big number, i mean, look at the sequester, they just sawed off 2%. yet the people in washington, d.c. are screaming. >> brian: we don't know what the president's plan looks like. we know he would not be focusing on balancing the budget, according to jay carney. looks like paul ryan will and paul ryan in this editorial says get ready, the critics will come u. i'll tell you exactly what they'll say and here are my answers. let the games begin. >> steve: when you
because after the whole debt ceiling discussion now, they are under pressure to come up with some sort of a budget plan. but is it really just more of a wash? you be the judge. apparently the basic tenets will be to raise taxes by $1 trillion, and then cut the deficit by $1 trillion, so will that actually balance the budget or is it just more of a wash? >> steve: in comparison, our budget is $46 trillion over the next ten years. that's how much we'll spend. the democrats say 46 trillion,...
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Mar 11, 2013
03/13
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MSNBCW
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ceiling expires again. if they could have what looks like productive talks and negotiations for a while on one track and you separate it out from immigration, guns and some other things, then over on the right, on the other side of things, he can get some bills passed in april and may that don't have impacts on the budget while the budget talks are going on. i think he is essentially trying to restart things to get the budget out of the way of the politics of the other issues he wants to push. >> chuck, what do we know about the why of this and the now dennis mcdonough, the new white house chief of staff and joe biden the vice president himself. who are the architect or architects of this new outreach and how it could move an agenda? >> i think the motivator is mcdonough more than anybody. it's this is the chief complaint. dennis reached out to senators as he was coming in to take take chief of staff. the chief complaint was the president's outreach to congress. dennis, because of the position he held befor
ceiling expires again. if they could have what looks like productive talks and negotiations for a while on one track and you separate it out from immigration, guns and some other things, then over on the right, on the other side of things, he can get some bills passed in april and may that don't have impacts on the budget while the budget talks are going on. i think he is essentially trying to restart things to get the budget out of the way of the politics of the other issues he wants to push....
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Mar 14, 2013
03/13
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CSPAN
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the resolution to this debt ceiling debacle led to the first downgrading of american credit in the history of this country. we have a president who refuses to put a single plan on paper that seriously addresses the deficit spending, entitlement reforms. those are inexplicable. but he is more than willing to do a photo-op with first responders and teachers to decry the spending reductions that amount to less than 1% of the total annual budget. if the president is worried about overtime pay for capitol others, i say what about the stagnant wages of millions of american workers, what about the one in seven americans resigned the food stamps, what about small business and home owners that cannot get loans because dodd-frank for some credit for americans all across this country? what about the americans who cannot get full-time work due to the most anemic recovery since the great depression? mr. president, nor plans to tax and spend our nation to prosperity, they will fail as spectacularly as the economics you have barred from john maynard keynes. let us be clear about what is the crux of the d
the resolution to this debt ceiling debacle led to the first downgrading of american credit in the history of this country. we have a president who refuses to put a single plan on paper that seriously addresses the deficit spending, entitlement reforms. those are inexplicable. but he is more than willing to do a photo-op with first responders and teachers to decry the spending reductions that amount to less than 1% of the total annual budget. if the president is worried about overtime pay for...